The Biden administration has made significant strides in climate change action, particularly through the enactment of the Inflation Reduction Act of 2022 (IRA), which represents the single largest investment in climate and energy in the U.S. Actions to further the administration’s climate agenda include…Read the full report …...
The Biden administration has made significant strides in climate change action, particularly through the enactment of the Inflation Reduction Act of 2022 (IRA), which represents the single largest investment in climate and energy in the U.S. Actions to further the administration’s climate agenda include proposals to limit emissions from power plants and vehicles, finalizing methane emission rules, and advancing environmental justice.
The growing interest in carbon capture and sequestration (CCS) projects driven by supportive policies and tax incentives has prompted state efforts to streamline permitting requirements, including securing primacy to regulate Class VI injection wells to sequester carbon dioxide. CCS involves the capture of carbon dioxide (CO2) emissions from power plants or industrial processes before they are released into the atmosphere for storage in subsurface geological formations.
Carbon management is emerging as an important component of regulatory strategies to progress towards a net-zero economy. Recent actions range from…Read the full report…...
Carbon management is emerging as an important component of regulatory strategies to progress towards a net-zero economy. Recent actions range from funding for the first direct air capture facilities to establishing an action committee to advance marine carbon dioxide (CO2) removal.
The deployment of carbon capture, utilization and storage (CCUS) technologies is expected to increase in the U.S., driven by federal and state initiatives to meet emissions reduction targets. Supportive policies, including $12 billion in funding from the…Read the full report …...
The deployment of carbon capture, utilization and storage (CCUS) technologies is expected to increase in the U.S., driven by federal and state initiatives to meet emissions reduction targets. Supportive policies, including $12 billion in funding from the Infrastructure Investment and Jobs Act (IIJA) of 2021 and enhanced tax credits under the Inflation Reduction Act (IRA) of 2022, are driving carbon capture projects across the U.S. Initiatives to expand carbon dioxide (CO2) pipelines to connect to sequestration sites have also gained momentum.
The U.S. Environmental Protection Agency (EPA) has proposed new limits on carbon dioxide emissions from coal- and gas-fired power plants, the latest in a string of actions to further the Biden administration’s ambitious climate agenda including proposals to strengthen vehicle emission standards and curb methane leaks from oil and gas wells.
